CLERMONT, FL-Developers Dan Hessburg and Ron Carlson are erecting the six-building, 43,000-sf Florida Executive Center for $7 million in this Orlando bedroom community's hottest commercial sector on State Road 50. Five buildings are sold out.

ATLANTA-The general manager of the Host Marriott commercial portfolio is promoted to regional director of management services, responsible for overseeing 1.5 million sf of commercial space in Atlanta.

ATLANTA-Principal Capital Real Estate Investors of Des Moines, IA sells the 11-building, 512,540-sf, 99%-leased Oakbrook Technology Campus for $26.2 million or $51.11 per sf, considerably under today's replacement cost, area brokers tell GlobeSt.com.

JACKSONVILLE, FL-The 70-year-old grocery store chain is kicking off an aggressive advertising/promotional campaign Oct. 3 to boost sales and profits. The mid-morning $11.93 stock price was one of the lowest in years for Florida's largest grocer.

ORLANDO-Shot down last week by Lake County commissioners on a $3.3 million, half-finished transportation study, the Orlando-Orange County Expressway Authority plans to go ahead alone on a $100 million road-widening job on State Road 46A, 30 miles north of Downtown.

ATLANTA-C.D. Moody Construction Co. Inc., also a locally based general contractor, garners $10.8 million of the $72 million construction contract to build the $100 million, 28-story, 600-room structure at CNN Center in Midtown. Construction starts in January with expected completion in fourth quarter 2003.

RICHMOND, VA-Advantis Real Estate Services Co. puts the national financial services tenant into One Colonial Place, a 118,000-sf, $12.9 million class A office building scheduled for completion in November at Virginia Center Commons. The estimated value of the 10-year lease is $18 million.

ATLANTA-The locally based real estate company is getting 10-year permanent financing at a 6.95% interest rate on the purchase of St. Andrews at the Polo Club, a five-month-old, 200-unit luxury multifamily property near West Palm Beach, FL.